UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. __)*

                                NRG ENERGY, INC.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, $0.01 Par Value Per Share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    629377508
                                    ---------
                                 (CUSIP Number)


                                December 15, 2004
                                -----------------
                      (Date of Event which Requires Filing
                               of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                  [ ]      Rule 13d-1(b)
                  [X]      Rule 13d-1(c)
                  [ ]      Rule 13d-1(d)



*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).




                                                                                     
--------------------------------------------                                            ------------------------------------------
CUSIP No. 629377508                                             13G                     Page  2           of     14    Pages
         -------------------------------                                                     ------------    ---------
--------------------------------------------                                            ------------------------------------------

---------- -----------------------------------------------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. Capital Advisors, LLC
---------- -----------------------------------------------------------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                                                            (a) |_|

                                                                                                            (b) |X|

---------- -----------------------------------------------------------------------------------------------------------------------
        3  SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
--------------------- ----- ------------------------------------------------------------------------------------------------------
      NUMBER OF          5  SOLE VOTING POWER
        SHARES
     BENEFICIALLY           0
        OWNED
          BY          ----- ------------------------------------------------------------------------------------------------------
         EACH            6  SHARED VOTING POWER
      REPORTING
        PERSON              5,855,185 (including 2,000 shares issuable upon
         WITH               exercise of options and 200,000 shares issuable upon
                            exercise of 4% Convertible Perpetual Preferred
                            Stock) (see Item 4)
                      ----- ------------------------------------------------------------------------------------------------------
                         7  SOLE DISPOSITIVE POWER

                            0

                      ----- ------------------------------------------------------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER
                            5,855,185 (including 2,000 shares issuable upon
                            exercise of options and 200,000 shares issuable upon
                            exercise of 4% Convertible Perpetual Preferred
                            Stock) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           5,855,185 (including 2,000 shares issuable upon exercise of options
           and 200,000 shares issuable upon exercise of 4% Convertible Perpetual
           Preferred Stock) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           |_|

---------- -----------------------------------------------------------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           6.7% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- -----------------------------------------------------------------------------------------------------------------------
                                                *SEE INSTRUCTION BEFORE FILLING OUT





                                                                                     
--------------------------------------------                                            ------------------------------------------
CUSIP No. 629377508                                             13G                     Page  3           of     14    Pages
         -------------------------------                                                     ------------    ---------
--------------------------------------------                                            ------------------------------------------

---------- -----------------------------------------------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. Capital Management, LLC
---------- -----------------------------------------------------------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                                                            (a) |_|

                                                                                                            (b) |X|

---------- -----------------------------------------------------------------------------------------------------------------------
        3  SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
-------------------- ------ ------------------------------------------------------------------------------------------------------
      NUMBER OF          5  SOLE VOTING POWER
       SHARES
    BENEFICIALLY            0
        OWNED
         BY          ------ ------------------------------------------------------------------------------------------------------
        EACH             6  SHARED VOTING POWER
      REPORTING             5,855,185 (including 2,000 shares issuable upon
       PERSON               exercise of options and 200,000 shares issuable upon
        WITH                exercise of 4% Convertible Perpetual Preferred
                            Stock) (see Item 4)
                     ------ ------------------------------------------------------------------------------------------------------
                         7  SOLE DISPOSITIVE POWER

                            0

                     ------ ------------------------------------------------------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER
                            5,855,185 (including 2,000 shares issuable upon
                            exercise of options and 200,000 shares issuable upon
                            exercise of 4% Convertible Perpetual Preferred
                            Stock) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           5,855,185 (including 2,000 shares issuable upon exercise of options
           and 200,000 shares issuable upon exercise of 4% Convertible Perpetual
           Preferred Stock) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           |_|

---------- -----------------------------------------------------------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           6.7% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- -----------------------------------------------------------------------------------------------------------------------
                                                *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 3 of 14



                                                                                     
--------------------------------------------                                            ------------------------------------------
CUSIP No. 629377508                                             13G                     Page  4           of     14    Pages
         -------------------------------                                                     ------------    ---------
--------------------------------------------                                            ------------------------------------------

---------- -----------------------------------------------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. Capital Associates, LLC
---------- -----------------------------------------------------------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                                                            (a) |_|

                                                                                                            (b) |X|

---------- -----------------------------------------------------------------------------------------------------------------------
        3  SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Anguilla, British West Indies
-------------------- ------ ------------------------------------------------------------------------------------------------------
      NUMBER OF          5  SOLE VOTING POWER
       SHARES
    BENEFICIALLY            0
        OWNED
         BY          ------ ------------------------------------------------------------------------------------------------------
        EACH             6  SHARED VOTING POWER
      REPORTING
       PERSON               5,461,575 (including 2,000 shares issuable upon exercise of options) (see Item 4)
        WITH         ------ ------------------------------------------------------------------------------------------------------
                         7  SOLE DISPOSITIVE POWER

                            0

                     ------ ------------------------------------------------------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            5,461,575 (including 2,000 shares issuable upon exercise of options) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           5,461,575 (including 2,000 shares issuable upon exercise of options) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           |_|

---------- -----------------------------------------------------------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           6.3% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- -----------------------------------------------------------------------------------------------------------------------
                                                *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 4 of 14



                                                                                     
--------------------------------------------                                            ------------------------------------------
CUSIP No. 629377508                                             13G                     Page  5           of     14    Pages
         -------------------------------                                                     ------------    ---------
--------------------------------------------                                            ------------------------------------------

---------- -----------------------------------------------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. Arbitrage Fund, LLC
---------- -----------------------------------------------------------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                                                            (a) |_|

                                                                                                            (b) |X|

---------- -----------------------------------------------------------------------------------------------------------------------
        3  SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Anguilla, British West Indies
-------------------- ------ ------------------------------------------------------------------------------------------------------
      NUMBER OF          5  SOLE VOTING POWER
       SHARES
    BENEFICIALLY            0
        OWNED
         BY          ------ ------------------------------------------------------------------------------------------------------
        EACH             6  SHARED VOTING POWER
      REPORTING
       PERSON               389,310 (including 200,000 shares issuable upon
        WITH                exercise of 4% Convertible Perpetual Preferred
                            Stock) (see Item 4)
                     ------ ------------------------------------------------------------------------------------------------------
                         7  SOLE DISPOSITIVE POWER

                            0

                     ------ ------------------------------------------------------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            389,310 (including 200,000 shares issuable upon
                            exercise of 4% Convertible Perpetual Preferred
                            Stock) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           389,310 (including 200,000 shares issuable upon exercise of 4%
           Convertible Perpetual Preferred Stock) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           |_|

---------- -----------------------------------------------------------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           Less than 1% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- -----------------------------------------------------------------------------------------------------------------------
                                                *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 5 of 14



                                                                                     
--------------------------------------------                                            ------------------------------------------
CUSIP No. 629377508                                             13G                     Page  6           of     14    Pages
         -------------------------------                                                     ------------    ---------
--------------------------------------------                                            ------------------------------------------

---------- -----------------------------------------------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. MultiQuant Fund, LLC
---------- -----------------------------------------------------------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                                                            (a) |_|

                                                                                                            (b) |X|

---------- -----------------------------------------------------------------------------------------------------------------------
        3  SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Anguilla, British West Indies
-------------------- ------ ------------------------------------------------------------------------------------------------------
      NUMBER OF          5  SOLE VOTING POWER
       SHARES
    BENEFICIALLY            0
        OWNED
         BY          ------ ------------------------------------------------------------------------------------------------------ 
        EACH             6  SHARED VOTING POWER                                                                                    
      REPORTING                                                                                                                    
       PERSON               4300 (see Item 4)                                                                                      
        WITH         ------ ------------------------------------------------------------------------------------------------------ 
                         7  SOLE DISPOSITIVE POWER

                            0

                     ------ ------------------------------------------------------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            4300 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           4300 (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           |_|

---------- -----------------------------------------------------------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           Less than 1% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- -----------------------------------------------------------------------------------------------------------------------
                                                *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 6 of 14



                                                                                     
--------------------------------------------                                            ------------------------------------------
CUSIP No. 629377508                                             13G                     Page  7           of     14    Pages
         -------------------------------                                                     ------------    ---------
--------------------------------------------                                            ------------------------------------------

---------- -----------------------------------------------------------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Steven A. Cohen
---------- -----------------------------------------------------------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                                                            (a) |_|

                                                                                                            (b) |X|

---------- -----------------------------------------------------------------------------------------------------------------------
        3  SEC USE ONLY
---------- -----------------------------------------------------------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           United States
-------------------- ------ ------------------------------------------------------------------------------------------------------
      NUMBER OF          5  SOLE VOTING POWER
       SHARES
    BENEFICIALLY            0
        OWNED
         BY          ------ ------------------------------------------------------------------------------------------------------
        EACH             6  SHARED VOTING POWER                                                                                   
      REPORTING             5,855,185 (including 2,000 shares issuable upon                                                       
       PERSON               exercise of options and 200,000 shares issuable upon                                                  
        WITH                exercise of 4% Convertible Perpetual Preferred                                                        
                            Stock) (see Item 4)                                                                                   
                     ------ ------------------------------------------------------------------------------------------------------
                         7  SOLE DISPOSITIVE POWER

                            0

                     ------ ------------------------------------------------------------------------------------------------------
                         8  SHARED DISPOSITIVE POWER
                            5,855,185 (including 2,000 shares issuable upon
                            exercise of options and 200,000 shares issuable upon
                            exercise of 4% Convertible Perpetual Preferred
                            Stock) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           5,855,185 (including 2,000 shares issuable upon exercise of options
           and 200,000 shares issuable upon exercise of 4% Convertible Perpetual
           Preferred Stock) (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           |_|

---------- -----------------------------------------------------------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           6.7% (see Item 4)
---------- -----------------------------------------------------------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IN
---------- -----------------------------------------------------------------------------------------------------------------------
                                                *SEE INSTRUCTION BEFORE FILLING OUT


                                  Page 7 of 14




ITEM 1(A)                      NAME OF ISSUER:
                               --------------

                               NRG Energy, Inc.

ITEM 1(B)                      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                               -----------------------------------------------

                               211 Carnegie Center
                               Princeton, New Jersey 08540

ITEMS 2(A)                     NAME OF PERSON FILING:

                               This statement is filed by: (i) S.A.C.
                               Capital Advisors, LLC, ("SAC Capital
                               Advisors") with respect to shares of common
                               stock, $.01 par value per share ("Shares")
                               beneficially owned by S.A.C. Capital
                               Associates, LLC ("SAC Capital Associates"),
                               S.A.C. Arbitrage Fund, LLC ("SAC Arbitrage")
                               and S.A.C. MultiQuant Fund, LLC ("SAC
                               MultiQuant"); (ii) S.A.C. Capital Management,
                               LLC, ("SAC Capital Management") with respect
                               to Shares beneficially owned by SAC Capital
                               Associates, SAC Arbitrage and SAC MultiQuant;
                               (iii) SAC Capital Associates with respect to
                               Shares beneficially owned by it; (iv) SAC
                               Arbitrage with respect to Shares beneficially
                               owned by it; (v) SAC MultiQuant with respect
                               to Shares beneficially owned by it; and (vi)
                               Steven A. Cohen with respect to Shares
                               beneficially owned by SAC Capital Advisors,
                               SAC Capital Management, SAC Capital
                               Associates, SAC Arbitrage and SAC MultiQuant.


ITEM 2(B)                      ADDRESS OF PRINCIPAL BUSINESS OFFICE:

                               The address of the principal business office
                               of (i) SAC Capital Advisors and Mr. Cohen is
                               72 Cummings Point Road, Stamford,
                               Connecticut 06902, (ii) SAC Capital
                               Management is 540 Madison Avenue, New York,
                               New York 10022, and (iii) SAC Capital
                               Associates, SAC Arbitrage and SAC MultiQuant
                               is P.O. Box 58, Victoria House, The Valley,
                               Anguilla, British West Indies.

ITEM 2(C)                      CITIZENSHIP:

                               SAC Capital Advisors and SAC Capital
                               Management are Delaware limited liability
                               companies. SAC Capital Associates, SAC
                               Arbitrage and SAC MultiQuant are Anguillan
                               limited liability companies. Mr. Cohen is a
                               United States citizen.

ITEM 2(D)                      TITLE OF CLASS OF SECURITIES:

                               Common Stock, par value $0.01 per share


ITEM 2(E)                      CUSIP NUMBER:

                               629377508

ITEM 3                         Not Applicable

ITEM 4                         OWNERSHIP:

                               The percentages used herein are calculated
                               based upon the Shares issued and outstanding
                               as of December 3, 2004, as reported on the
                               Issuer's annual report on Form 10-K/A filed
                               with the Securities and Exchange Commission
                               by the Issuer for the fiscal year ended
                               December 31, 2003 and taking into account
                               the repurchase by the Issuer of 13 million
                               Shares in a transaction reported on the
                               Issuer's Form 8-K filed on December 21, 2004
                               filed with the Securities and Exchange
                               Commission by the Issuer.

                               As of the close of business on December 27, 2004:

                               1. S.A.C. Capital Advisors, LLC
                               (a) Amount beneficially owned: 5,855,185
                               (including 2,000 shares issuable upon
                               exercise of options and 200,000 shares
                               issuable upon exercise of 4% Convertible
                               Perpetual Preferred Stock) 
                               (b) Percent of class: 6.7% 
                               (c)(i) Sole power to vote or direct the
                               vote: -0-
                               (ii) Shared power to vote or direct the vote:
                               5,855,185 (including 2,000 shares issuable upon
                               exercise of options and 200,000 shares issuable
                               upon exercise of 4% Convertible Perpetual
                               Preferred Stock)
                               (iii) Sole power to dispose or direct the
                               disposition: -0- 
                               (iv) Shared power to dispose or direct the
                               disposition: 5,855,185 (including 2,000 shares
                               issuable upon exercise of options and 200,000
                               shares issuable upon exercise of 4% Convertible
                               Perpetual Preferred Stock)

                               2. S.A.C. Capital Management, LLC
                               (a) Amount beneficially owned: 5,855,185
                               (including 2,000 shares issuable upon
                               exercise of options and 200,000 shares
                               issuable upon exercise of 4% Convertible
                               Perpetual Preferred Stock) 
                               (b) Percent of class: 6.7%
                               (c)(i) Sole power to vote or direct the vote: -0-
                               (ii) Shared power to vote or direct the vote:
                               5,855,185 (including 2,000 shares issuable upon
                               exercise of options and 200,000 shares issuable
                               upon exercise of 4% Convertible Perpetual
                               Preferred Stock)
                               (iii) Sole power to dispose or direct the
                               disposition: -0- 
                               (iv) Shared power to dispose or direct the
                               disposition: 5,855,185 (including 2,000 shares
                               issuable upon exercise of options and 200,000
                               shares issuable upon exercise of 4% Convertible
                               Perpetual Preferred Stock)

                                  Page 9 of 14


                               3. S.A.C. Capital Associates, LLC
                               (a) Amount beneficially owned: 5,461,575
                               (including 2,000 shares issuable upon
                               exercise of options) 
                               (b) Percent of class: 6.3%
                               (c)(i) Sole power to vote or direct the vote: -0-
                               (ii) Shared power to vote or direct the vote:
                               5,461,575 (including 2,000 shares issuable upon
                               exercise of options) 
                               (iii) Sole power to dispose or direct the
                               disposition: -0- 
                               (iv) Shared power to dispose or direct the
                               disposition: 5,461,575 (including 2,000 shares
                               issuable upon exercise of options).

                               4. S.A.C. Arbitrage Fund, LLC
                               (a) Amount beneficially owned: 389,310
                               (including 200,000 shares issuable upon
                               exercise of 4% Convertible Perpetual
                               Preferred Stock) 
                               (b) Percent of class: Less than 1%
                               (c)(i) Sole power to vote or direct the vote: -0-
                               (ii) Shared power to vote or direct the vote:
                               389,310 (including 200,000 shares issuable upon
                               exercise of 4% Convertible Perpetual Preferred
                               Stock) 
                               (iii) Sole power to dispose or direct the
                               disposition: -0-
                               (iv) Shared power to dispose or direct the
                               disposition: 389,310 (including 200,000 shares
                               issuable upon exercise of 4% Convertible
                               Perpetual Preferred Stock)

                               5. S.A.C. MultiQuant Fund, LLC
                               (a) Amount beneficially owned: 4300
                               (b) Percent of class: Less than 1%
                               (c)(i) Sole power to vote or direct the vote: -0-
                               (ii) Shared power to vote or direct the vote:
                               4300
                               (iii) Sole power to dispose or direct the
                               disposition: -0-
                               (iv) Shared power to dispose or direct the
                               disposition: 4300

                               6. Steven A. Cohen
                               (a) Amount beneficially owned: 5,855,185
                               (including 2,000 shares issuable upon
                               exercise of options and 200,000 shares
                               issuable upon exercise of 4% Convertible
                               Perpetual Preferred Stock) 
                               (b) Percent of class: 6.7%
                               (c)(i) Sole power to vote or direct the vote: -0-
                               (ii) Shared power to vote or direct the vote:
                               5,855,185 (including 2,000 shares issuable upon
                               exercise of options and 200,000 shares issuable
                               upon exercise of 4% Convertible Perpetual
                               Preferred Stock)
                               (iii) Sole power to dispose or direct the
                               disposition: -0- 
                               (iv) Shared power to dispose or direct the
                               disposition: 5,855,185 (including 2,000 shares
                               issuable upon exercise of options and 200,000
                               shares issuable upon exercise of 4% Convertible
                               Perpetual Preferred Stock)

                                 Page 10 of 14


                               SAC Capital Advisors, SAC Capital
                               Management, and Mr. Cohen own directly no
                               Shares or securities convertible into
                               Shares. Pursuant to investment agreements,
                               each of SAC Capital Advisors and SAC Capital
                               Management share all investment and voting
                               power with respect to the securities held by
                               SAC Capital Associates, SAC Arbitrage and
                               SAC MultiQuant. Mr. Cohen controls both SAC
                               Capital Advisors and SAC Capital Management.
                               By reason of the provisions of Rule 13d-3 of
                               the Securities Exchange Act of 1934, as
                               amended, each of SAC Advisors, SAC
                               Management and Mr. Cohen may be deemed to
                               own beneficially 5,855,185 Shares (including
                               2,000 shares issuable upon exercise of
                               options and 200,000 shares issuable upon
                               exercise of 4%Convertible Perpetual
                               Preferred Stock) (constituting approximately
                               6.7% of the Shares outstanding). Each of SAC
                               Capital Advisors, SAC Capital Management and
                               Mr. Cohen disclaim beneficial ownership of
                               any of the securities covered by this
                               statement.


ITEM 5                         OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
                               -------------------------------------------- 

                               If this statement is being filed to report
                               the fact that as of the date hereof the
                               reporting person has ceased to be the
                               beneficial owner of more than five percent
                               of the class of securities, check the
                               following.

ITEM 6                         OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
                               ANOTHER PERSON:
                               ------------------------------------------------

                               Not Applicable

ITEM 7                         IDENTIFICATION AND CLASSIFICATION OF THE
                               SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
                               REPORTED ON BY THE PARENT HOLDING COMPANY:
                               --------------------------------------------

                               Not Applicable

ITEM 8                         IDENTIFICATION AND CLASSIFICATION OF MEMBERS 
                               OF THE GROUP:
                               ---------------------------------------------

                               Not Applicable

                                  Page 11 of 14


ITEM 9                         NOTICE OF DISSOLUTION OF GROUP:
                               ------------------------------ 

                               Not Applicable


ITEM 10                        CERTIFICATION:
                               -------------

         By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.

                                 Page 12 of 14


                                    SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


Dated:  December 27, 2004

S.A.C. CAPITAL ADVISORS, LLC


By: /s/ Peter Nussbaum                      
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person


S.A.C. CAPITAL MANAGEMENT, LLC


By: /s/ Peter Nussbaum                      
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person


S.A.C. CAPITAL ASSOCIATES, LLC


By: /s/ Peter Nussbaum                      
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person


S.A.C. ARBITRAGE FUND, LLC


By: /s/ Peter Nussbaum                      
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person


S.A.C. MULTIQUANT FUND, LLC


By: /s/ Peter Nussbaum                      
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person

                                 Page 13 of 14


STEVEN A. COHEN


By: /s/ Peter Nussbaum                      
   -----------------------------------------
Name:  Peter Nussbaum
Title:  Authorized Person


                               Page 14 of 14 Pages